Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The SAP Global Bike ERP system required several process steps to complete a sale transaction. Certain process steps automatically record transaction amounts to the general

The SAP Global Bike ERP system required several process steps to complete a sale transaction. Certain process steps automatically record transaction amounts to the general ledger. for the two situation below, identify the process step(s) that result in an entry to the general ledger (if the item is recorded in the general ledger more than once, you will choose more than one)

1. Cost of sales is recorded in the general ledger during the following process(es)

A. Create Sales order

B. Pick materials on delivery Note

C. Post Goods Issue

D. Create Invoice for customer

E. Post Receipt of customer payment

2. Accounts receivable is increased and/or decreased in the general ledger during the following processess

A. Create Sales order

B. Pick materials on Delivery Note

C. Post Goods Issue

D. Create Invoice for customer

E. Post Receipt of customer payment

3. Direct Deposit of Employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs. which statement regarding direct deposit is false?

A. Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

B. The cashier authorizes the transfer of funds from the organization's checking account to a payroll checking account.

C. Employees who are part of a direct deposit program are not required to submit timecards.

D. Employees must notify the payroll department when they change bank accounts.

E. All of the above are true statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago

Question

a. When did your ancestors come to the United States?

Answered: 1 week ago